Hey, why not, eh?
Here's some news. Yours truly, the Title Insurance Talk lady is looking for a new path, a new challenge. I have a wonderful replacement, an employee who I trust implicitly, to buy my business so I can move on when I find that next thing I want to do. It's time. ;)
What do I WANT to do? I'd love to find a place in which to help restore good practices in mortgage lending and title insurance. I'm old as dirt - 55 in real life - but I feel like an old sage or maybe old crone when I talk with young people in the business. I was there when most of your disclosures were born. I had to calculate my APRs manually. I typed - with carbon paper - and hand delivered mortgage application documents because we never heard of fax machines or email.
Okay, so we don't miss that stuff and we are thankful for the technology we use as a tool.
What we do miss or should miss is the connection to why we live with all this language in the disclosures. What were the problems they were meant to fix and how do we create a real estate transaction that serves the public well and makes it a WIN WIN for consumer and lender or insurer? There is a balance and it's not too hard to find, but you need to know how it all fits together and that is something I do know and I'd like to pass it on.........
...or maybe I should just go fishing. ;)
Here's some news. Yours truly, the Title Insurance Talk lady is looking for a new path, a new challenge. I have a wonderful replacement, an employee who I trust implicitly, to buy my business so I can move on when I find that next thing I want to do. It's time. ;)
What do I WANT to do? I'd love to find a place in which to help restore good practices in mortgage lending and title insurance. I'm old as dirt - 55 in real life - but I feel like an old sage or maybe old crone when I talk with young people in the business. I was there when most of your disclosures were born. I had to calculate my APRs manually. I typed - with carbon paper - and hand delivered mortgage application documents because we never heard of fax machines or email.
Okay, so we don't miss that stuff and we are thankful for the technology we use as a tool.
What we do miss or should miss is the connection to why we live with all this language in the disclosures. What were the problems they were meant to fix and how do we create a real estate transaction that serves the public well and makes it a WIN WIN for consumer and lender or insurer? There is a balance and it's not too hard to find, but you need to know how it all fits together and that is something I do know and I'd like to pass it on.........
...or maybe I should just go fishing. ;)
3 comments:
Congratulations, Diane, on being in a position to be able to do what you want to do! And Best Wishes.
Hope you keep your blog up, though. There is no replacement for you here!
Jamie Long
Davenport, Iowa
Thanks, Jamie. That's sweet.;)
Well, you might find this humorous. I thought I might be able to do some good by joining CFPB and helping to create a better industry from the inside. My hope was that having an examiner who had walked the walk would be a good thing.
Didn't work out. I don't meet the minimum requirements for experience. That's kind of bizarre given that I've been in the industry for over 35 years.
I'm okay with that. When I knock on a door that doesn't open I move on. That doesn't mean I won't knock on that door again. I just need to wait until someone hears me knocking and wants to at least say hello. ;)
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